Nikolas Sargeant
In action showing the increased variety in the cryptocurrency market, top digital asset exchange Phemex said it will add 11 new margin trading pairs to its platform. This change is planned for 10:00 UTC on July 4, 2024. The expansion will bring several new cryptocurrencies to Phemex's margin trading choices.
The new pairs, which all are traded against USDT (Tether), are:
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TNSR
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ETHFI
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METIS
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AXL
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TAO
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PORTAL
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DYM
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RON
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WIFJUP
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PIXEL
Phemex makes this important step to give traders more chances in the fast-changing crypto market. This action is to meet the growing wish of people who want access to many different digital assets.
Margin trading, letting investors borrow money to make bigger trades, is getting more and more popular in the cryptocurrency world. By giving these new trading pairs, Phemex wants to get a bigger part of this rising area of crypto trading.
Phemex is a Singapore-based cryptocurrency derivatives exchange founded in 2019 by former Morgan Stanley executives. The platform has quickly gained recognition in the crypto trading space for its high-performance trading engine. Phemex continues to expand its offerings and adapt to the evolving cryptocurrency market, cementing its position as a significant player in the global digital asset trading ecosystem. Read more about the financial services offered at this exchange in our full Phemex review.
